Michaels Gift is a private foundation focused on Education, based in Maple Grove, MN. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $28K in total assets. In 2025, it awarded 2 grants totaling $4K. Net investment income was $586.
Key facts about Michaels Gift
In short: Michaels Gift gave $4K across 2 grants in 2025 (avg $2K), mostly in Minnesota. Source: 2025 IRS Form 990-PF.
- EIN
- 83-3787002
- Latest 990 filing
- Form 990-PF, 2025
- Annual giving (2025)
- $4,000
- Grants made (2025)
- 2
- Average grant
- $2,000
- Median grant
- $2,000
- Total assets
- $27,788
- Primary geography
- Minnesota (100% of itemized 2025 grant dollars)
Data from IRS Form 990-PF, 2025; updated September 2026.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$28K
-11.3% YoY
Annual Giving
$4K
+0.0% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$2K
+0.0% YoY
How Michaels Gift gives
- Giving held roughly steady from 2022 to 2025 (+0%). Method
From the foundation's IRS Form 990-PF filings. Methodology.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 2 itemized grants.
States
Cities
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $2K (2019) to $4K (2025). In 2025 it made 2 grants totaling $4K.
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2025
The largest 2025 recipient was Owen Grismer ($2K). Together the top 2 received $4K.
Grant Size Distribution
7 grants across all recorded years
The most common grant size was under $50K: 7 grants of 7 (100%).
Giving History
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Owen Grismer Maple Grove, MN | Education | $2,000 |
| Brandan Gilbert Brooklyn Park, MN | Education | $2,000 |
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $27,788 | $31,328 | $27,693 |
| Revenue | $586 | $7,795 | $11,511 |
| Expenses | $4,126 | $4,160 | $2,000 |
| Qualifying Distributions | $4,000 | $4,000 | $2,000 |
| Net Investment Income | $586 | $7,635 | $11,511 |
Data update history
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS May 8, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 11, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS June 15, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 16, 2021)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS April 25, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS May 14, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 8, 2024)
Leadership & Key People
Officers and directors from IRS filings
Michaels Gift's 2025 filing lists 3 officers; none of the 3 officers listed in 2025 report compensation.
Officers on the 2025 filing
Diane Herbst
Manager
On filings since 2019
No compensation reported
Ryan Herbst
Manager
On filings since 2019
No compensation reported
Timothy Herbst
Manager
On filings since 2019
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Michaels Gift
How much does Michaels Gift give each year?
Michaels Gift gave $4K across 2 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $4K across 2 grants.
How large is Michaels Gift?
Michaels Gift reported $28K in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $586.
What is Michaels Gift?
Michaels Gift is a private foundation focused on Education, based in Maple Grove, MN. It holds $28K in total assets as of 2025.
Where does Michaels Gift operate?
Michaels Gift has awarded grants in Minnesota.
What is Michaels Gift's EIN?
Michaels Gift's EIN (Employer Identification Number) is 83-3787002. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
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